Since last week, the cryptography market has become a witness to low volatility, as evidenced by the consolidation of Bitcoin prices about $ 95,000. While market uncertainty stopped recovery for most of the main altcoins, the BNB price predicted a seven -day rally, approaching a bull breakthrough from a key monthly resistance.
Key basic points:
- Breakthrough BNB price from the trend overhead line signals the end of a two -month correction.
- Support for $ 640, supported by a 100-day EMAS, creates strong support for the rollback.
- Over the past 30 days, the BNB chain has processed 68.3 million transactions, which makes it the most active EVM-compatible blockchain.
BNB Chain Outshines Solana as a transaction volume reaches 68.3 m
Refusing the recent uncertainty in the market, the BNB price survived a significant surge from 568 to 687 dollars, registering weekly growth of 20%. This rise raises BNB market capitalization to $ 97.4 billion, surpassing the SOLANA market capitalization of $ 94.3 billion.
Meanwhile, over the past 30 days, the BNB chain has processed 68.3 million transactions, which makes it chain No. 1 EVM in terms of a 30-day transaction volume. High transactional activity involves growing adoption and stable network activity, which directly stimulates the pressure of the demand for the BNB price.
BNB Price Breakout to finish 70-day correction
A daily analysis of the BNB price diagram shows the formation of a growing wedge scheme. The setting of the diagram shows two converging trend lines as dynamic resistance and support, directing a stable upward trend.
A recent recovery showed a new bull cycle as part of this wedge model, which indicates that buyers continue to accumulate with a discounted value – a sign of the established rising trend. As the Binance Reclaims Recaum Daily EMA (20, 50, 100 and 200) coin, market moods are gradually becoming bull -hairs, maintaining the price of assets for a higher rally.
Currently, trade is $ 689, the price of a coin shows a breakthrough potential from a reduced trend line (RED), which controls the current correction trend. A successful break of this resistance to potential support will support a rally after a record resistance of $ 795.
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